Watch out for taxes when buying mutual funds now

Courtesy USATODAY.com Money - Waggoner  Thu, 10/29/2009 - 18:32

Thanks to the massive losses from 2008, many funds won't be paying any capital gains distributions. But if you're thinking of buying a fund this year particularly if the fund has hot performance check to make sure you're not buying a bigger tax bill at the same time.

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